SOCAR Green’s Post

🌍🔋 Brazil's Leadership in Global Energy and Climate Dialogue Brazil is poised to lead the global energy transition with the cleanest energy mix in the G20. As the 2024 G20 President and host of COP30, Brazil's renewables and biofuel expertise spotlight its potential. Key strategies include diversifying energy sources, fostering innovation in hydrogen and biofuels, and promoting international cooperation. Brazil's experiences and partnerships, such as with the US and EU on sustainable fuels, highlight its role in global clean energy advancement. The journey ahead focuses on sustainable investments, people-centred transitions, and resilient energy systems. Our Triton Hydrogen team in Brazil is already engaging with leading organisations that will support the energy transition, particularly into hydrogen. Read more: https://lnkd.in/efv8k3eQ #ClimateAction #RenewableEnergy #SustainableDevelopment #COP30 #G20 #CleanEnergy #Innovation #GlobalLeadership #Brazil

Curious about energy transitions in #Azerbaijan following #COP29 which concluded last week in Baku? Planned renewable energy development will supplement fossil fuel production in Azerbaijan rather than replace it, with natural gas production and exports still growing. 📑 Read our latest briefing for a complete picture of Azerbaijan’s energy sector and to explore how these trends connect to global energy markets. https://lnkd.in/eW8DUXWw This briefing was commissioned to support the Policy Dialogue on Just Energy Transitions, a programme created in partnership with: Climate Strategies, Salzburg Global Seminar, Stanley Center for Peace and Security, and WINDWARD FUND  

IHA is at #COP29 in Baku, Azerbaijan, as part of the Global Renewables Alliance (GRA) and International Renewable Energy Agency (IRENA) pavilion 🌍🌊 IHA is at COP to promote the role of sustainable hydropower in the energy transition and seek support for the global energy storage target 🔋 Here’s an update from IHA Head of Communications Gemma Regniez on day one. Will you be at COP29? Come and meet our delegation if you are in Baku. 👋 📅 Across the course of the conference, IHA and partners will be involved in the following events: 15 November: ·      The Need for Energy Storage: How a Global Energy Storage Target Enables the 3X Renewables Target and Unlocks the Energy Transition at COP29 ·      How UN Organisations Can Advance Small Hydropower Globally at COP29 hosted by UNIDO 16 November: ·      The ignored crisis within the crisis – the role of Pumped Storage Hydro in a reliable energy system at COP29 ·      Innovations in Small Hydropower to Achieve the SDGs at COP29 hosted by UNIDO ·      Getting the most from water – Hydropower and the Water-Energy-Climate Nexus at COP29 ·      Fostering Collaborative Actions to Fast Track Clean Energy Transition in the Commonwealth at COP29 hosted by the Commonwealth 18 November: ·      Building Capacity on New Power System for Global Energy Transition and Accelerating Global Climate Action at COP29 19 November: ·      Building transformational resilience: Systems approaches for climate and water management at COP29 hosted by UNESCO #WithHydropower #PumpedForPower #Renewables #Baku

#IHA is at #COP29 to promote the role of #sustainablehydropower in the #cleanenergytransition and seek support for the global #energystorage target. : We sincerely support the valuable #renewableattempt of esteemed #hydropower organisation. #NowDeliverChange #WithHydropowerplusSolarpowerandWindpower #SustainanleEnergy #EnergyStorage #RenewableEnergy

Weekly Wrap-Up: Energy and Brazil This week, two insightful reports from the International Energy Agency (IEA). and the World Economic Forum highlighted Brazil's potential to lead the global energy transition. With contributions from Tomás Bredariol, the IEA released a report saying that Brazil stands out as a frontrunner in clean energy transitions, boasting the lowest share of fossil fuels among the world’s largest economies. As the G20 President in 2024, Brazil has a unique opportunity to lead the global energy transition agenda, leveraging its renewables-based power system and extensive biofuel sector. Additionally, hosting COP30 next year in Belém, a gateway to the Amazon, will spotlight Brazil’s clean energy initiatives on the international stage. https://shorturl.at/U1bTn And according to a piece by Espen Mehlum, WEF's Head of Energy Transition Intelligence, while European countries dominate the global rankings, Brazil and Chile shine as remarkable leaders, both featuring in the top 20 of this year’s index, with Brazil ranking 12th. https://shorturl.at/o9K9C Brazil is set to play a pivotal role in the global shift towards sustainable energy. Enjoy the read and stay tuned for these exciting developments! #EnergyTransition #Brazil #RenewableEnergy #CleanEnergy #COP30 #IEA #WEF #Sustainability

The European Commission is awarding nearly €720m to seven #renewablehydrogen projects in #Europe, selected through the first competitive bidding process under the European Hydrogen Bank. The funds for this auction come from the revenues of the EU Emissions Trading System. The winning bidders, drawn from four countries, will produce renewable hydrogen in #Europe and will receive a subsidy – ranging from €8m-€245m – to bridge the price difference between their production costs and the market price for hydrogen, which is currently driven by non-renewable producers. Read more - https://lnkd.in/gRieTDms World Economic Forum | #co2emmissions #hydrogen #cleanfuels #parisagreement #riyadh #cop28 #renewableenergy

GREEN HYDROGEN PROGRESS Multilateral Agreement: Azerbaijan, Uzbekistan, and Kazakhstan signed a pact at #COP29 to develop a green energy corridor, enabling renewable energy exports to Europe. 1️⃣ Green Hydrogen Initiatives: Azerbaijan is focusing on green hydrogen to diversify its energy export strategy and reduce its carbon footprint. 2️⃣ Renewable Energy Growth: Large-scale wind and solar projects are planned to boost regional energy capacity and create sustainable jobs. 3️⃣ These actions align with the Paris Agreement and global #SustainabilityGoals. #GreenHydrogen #RenewableEnergy #EnergyTransition #ClimateAction #COP29 This video is collected from Wikipedia medium.

I am excited to share my short interview dedicated to COP29 Azerbaijan with the Asian Development Bank (ADB) , a valued partner supporting Azerbaijan's renewable pathway, as the COP29 Opening Plenary session is set to begin soon today in my Homeland. The #ADB has supported key projects in our #energytransition, including two essential initiatives: ♻ The #Boyukshor Floating Solar Power Plant—a pioneering use of Azerbaijan’s water bodies to generate #cleanenergy , which we celebrated at the recent inauguration. ♻ The #GaradagSPP — one of the largest solar project in the region developed by Masdar (Abu Dhabi Future Energy Company), adding significant #renewable capacity to our #energygrid and advancing the clean energy agenda for #Azerbaijan. Aligned with this progress, Azerbaijan proudly endorses the #COP29 Presidency’s energy initiatives, each designed to elevate ambition and foster collaboration across borders: ✅ Global Energy Storage and Grids Pledge—a commitment to expanding global #energystorage capacity and accelerating #investments in grids to create stable, resilient #energysystems. ✅ Green Energy Zones and Corridors Pledge—an initiative to stimulate investment, drive economic growth, and develop cross-border infrastructure for sustainable, shared development. ✅ Hydrogen Declaration—unlocking the potential of a global clean #hydrogen market, setting the foundation for hydrogen as a transformative pillar in the low-carbon future. These initiatives, open to governments, industries, the private sector, and philanthropies, are essential in sparking impactful change. By embracing these pledges, Azerbaijan is reinforcing its dedication to a net-zero future, supporting a more resilient and sustainable energy landscape.

Asian Development Bank (ADB) and Kazakhstan ink agreement to accelerate coal phase-out with energy transition mechanism The Asian Development Bank (ADB) and Kazakhstan have signed a key agreement under the Energy Transition Mechanism (ETM) at COP29 to explore early retirement and repurposing of coal plants, advancing Kazakhstan's shift towards renewable energy and a low-carbon future. 👉Details — https://lnkd.in/e_dK9ENH #Kazakhstan #ADB #EnergyTransition #CoalPhaseOut #COP29 #RenewableEnergy #LowCarbonFuture #ClimateAction #EnergyTransitionMechanism #SustainableEnergy

Commenting on the International Renewable Energy Agency (IRENA)’s Renewable Energy Statistics 2024, COP28 President Dr. Sultan Al Jaber stressed the need to increase the pace and scale of development to meet the global goal of tripling renewable energy capacity by 2030, adding: “this moment provides a significant opportunity to add strong national energy targets in NDCs to support the global goal of keeping the 1.5°C target within reach. Above all, we must change the narrative that climate investment is a burden to it being an unprecedented opportunity for shared socio-economic development.” Read the report: https://lnkd.in/dZtNbxdS #COP28 #UAEConsensus